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What Is a PPI Claim

With all the media attention being given to mis sold PPI, most of us equate a claim with a request for a refund but that isn't the only type of payment protection insurance claim to be concerned with. When asked the question, "What is a PPI claim?" there can be two very distinct answers. The first relates to how you would draw cover from a payment protection policy and the second relates to how you would get money back from a policy that was mis sold to you.

What Is a PPI Policy?

PPI stands for payment protection insurance that is a type of cover sold alongside loans that is supposed to provide benefits to cover monthly repayments if the policyholder should be unable to do so. The usual reasons for drawing on a PPI policy would be lost wages due to unemployment, injuries and illness. Unfortunately, there are so many exclusions that 87% of all people would never be able to claim cover. So then, what is a PPI policy? A good answer would be, "An expensive insurance product that offers few benefits to even fewer people".

What Is a PPI Claim?

As mentioned above, a PPI claim can be one of two things. The first type of claim would be where the policyholder tries to draw benefits in the event that he or she is unable to do so. When you get right down to the small print on the policy, there are very few covered conditions under which a person could actually receive benefits that this type of claim is most often a farce. The second type of PPI claim is that which the policyholder files against the lender who mis sold payment protection and now he or she is looking for a refund of what was paid in premiums and interest. Unfortunately, it is just as difficult in many cases to get a refund from a PPI claim as it is to draw benefits from a claim.

What Is a PPI Claim Company?

Since it can be just as hard to get a refund on mis sold PPI as it is to draw benefits, many people in the UK are seeking professional help in filing a claim. A claims management company is a third party representative that acts on your behalf to file a claim with the lender to get a refund of money you paid into mis sold PPI. Third party representatives such as Belmont Thornton, Belmont Thornton, are recognised by government as being able to legally represent you in filing not only the claim but an appeal with the Financial Ombudsman Service as well. They have a fiduciary duty to represent you in claiming back PPI and they require a fee for their services.

Belmont Thornton expects no payment upfront as they work on a no win no fee* contingency. If you feel you have been mis sold PPI and would like to file a claim, talk to the claims team on0207 471 2000. You can join thousands of others who were successfully represented by Belmont Thornton.


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Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.justice.gov.uk/claims-regulation number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office and registered office is at Suite 2, Unit 25, The Coda Centre, Munster Road, London, SW6 6AW. VAT Registration number 945 3375 06.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023 and holds a Credit Consumer License issued by the Office of Fair Trading license number 634655.

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* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

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